HOON 8
November DOC
"alternative
employer" means-
(a) the State: p,
(b) a national public entity as defined in section 1of
the Public
Finance
Management Act. 1999 (Act No.1 of
1999):
(c) a company. the shares in which were transferred
from Transnet to the State or
to an entity contemplated in
paragraph (b) or (d). or an entity in which such
company owns one or more shares:
or
(d) any other company in which the State or an entity
contemplated in paragraph
(b) owns one or more shares:
Provided
that after 11 November 2005
(i) the State or any entity contemplated
in paragraph (b) or (d) acguired a business
contemplated in section 197 of
the Labour Relations Act.1996 (Act No. 66 of
1995). from Transnet or acguired
shares in a company from Transnet:
(ii) at the date of such transaction. the
business or company had in its employ a
person who was a member of any
fund established in terms of this Act: and
(iii) the State or any entity contemplated
in paragraph (b). (c) or (d) as the case
may be. is accepted as an
alternative employer for the purposes of this Act in
terms of an agreement between
Transnet and the Minister:
CLAUSE
5
4A. (1) (a) When the Transnet Pension Fund
Amendment Act. 2006.
comes
into operation. all existing members. pensioners. dependant pensioners.
liabilities. assets. rights and obligations of the Transport Pension Fund shall
from then on be attributable to a subfund with Transnet as the principal
employer.